KYOTO, Japan, Oct. 5, 2010 (GLOBE NEWSWIRE) -- Nidec Corporation (NYSE:NJ), the "Company" or "Nidec") today announced the establishment of 5 new sales branches in China, respectively located in Chonqing, Chengdu, Wuhan, Changchun, and Zhengzhou, as part of its efforts to expand sales in the Chinese market. These additions now bring the total number of Nidec's sales operations units in the Chinese economic area to 12 (four sales companies and eight branches), significantly broadening the Company's sales network in eastern Asia.
Objectives of Establishing New Sales Branches
The new sales branches aim to strengthen Nidec's sales presence in the fast-growing inland China.
China's five inland cities: Chonqing, Chengdu, Wuhan, Changchun, and Zhengzhou, are known as rapidly advancing R&D and manufacturing centers for various information telecommunications equipment, home appliances and automobiles. The central role of the Company's new sales branches is twofold: building solid relationships with growing Chinese customers, and preparing the path for our existing customers to move their operations to inland China.
In the meantime, Nidec intends to accelerate management localization for its China operations, providing equal employment and promotion opportunities to capable individuals regardless of gender or age.
Outline of New Sales Branches
1. ChongQing Branch
2. ChengDu Branch
3. WuHan Branch
4. ChangChun Branch
5. ZhengZhou Branch
This press release material contains forward-looking statements including expectations, judgements, plans, and strategies. The forward-looking statements are based on management's assumptions and belief in light of the information currently available. Certain risks, uncertainties and other factors could cause actual results to differ materially from those discussed in the forward-looking statements. Such factors include, but are not limited to: fluctuation of currency exchange rates, overall supply and customer demand in the motor industry, product development and production capabilities, performance of affiliated companies, and other risks and uncertainties. Nidec undertakes no obligation to update forward-looking statements to reflect events or circumstances that occur after the date the statements are made.
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CONTACT: Nidec Corporation Masahiro Nagayasu, General Manager, Investor Relations +81-75-935-6140 firstname.lastname@example.org